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qmb

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Founded on December 13th 2007, and established more than 540 branches across the country, The Qarz Al-Hasaneh Mehr Iran Bank (QMB) is the country's first specialized full-fledged Islamic bank specifically engaged in providing benevolent loan called “Qard al-hasanah” that is absolutely interest-free. However; the bank is permitted to charge a minimum service charge (4%) to cover the cost of its administrative fees. The loan is essentially granted to the legal and individual entities in dire need for either welfare purposes or for fulfilling short-term funding requirements.

The implementation of Women’s Economic Empowerment Programme (empowering women through a range of interest-free loans) aimed at promoting female entrepreneurship is just about ready to kick off!
The new product known as “MISS” (Mehr Iran Savings Scheme) is a comprehensive solution to women’s banking and lifestyle needs!

As Iran marks December 26th the National Earthquake Safety Day with weeks-long program activities, branches of The Qarz Al-Hasaneh Mehr Iran Bank in Kermanshah start paying loans to the quake-hit families. Presently, the loan amounts are being granted to those who have sustained enormous loss!

CEO visits the quake-hit areas in western Iran, expressing sympathy with the victims’ families:
“The Qarz Al-Hasaneh Mehr Iran Bank immediately responded in the hardest-hit areas by distributing desperately needed items.” Dr. Morteza Akbari also regretted that “a lot of schools have been damaged”; however, he noted that “plans are already underway by QMB to rebuild them from scratch as by this, we are not only rebuilding schools, but also strengthening entire community.”